List of top Questions asked in CBSE CLASS XII

Ishan, Jatin and Kapil were partners in a firm sharing profits and losses in the ratio of 5 : 4 : 1. Jatin retired and his share was taken up by Ishan and Kapil in the ratio 1 : 1. The new profit-sharing ratio between Ishan and Kapil after Jatin’s retirement will be:
The amount of share capital which a company is authorised to issue by its Memorandum of Association is known as ___.
Debentures on which a company does not give any undertaking for the repayment of money borrowed are called:
Rambha and Urvashi were partners in a firm sharing profits and losses in the ratio of 13 : 12. From 1st April, 2024, they decided to share future profits and losses in the ratio of 12 : 13. On this date, their balance sheet showed a debit balance of ₹ 2,50,000 in Advertising Suspense Account and a balance of ₹ 5,00,000 in Contingency Reserve. Partners decide to write off the balance of the Advertising Suspense Account but decide not to distribute Contingency Reserve.
Pass necessary journal entries for the above transactions on the reconstitution of the firm. Show your working clearly.
Luv and Kush were partners in a firm sharing profits and losses in the ratio of 5 : 4. On 1st April, 2024, Rishi was admitted as a new partner for $\dfrac{2}{9}$ share in profits which he acquired equally from Luv and Kush. On the date of Rishi’s admission, the Balance Sheet of Luv and Kush showed debtors of ₹ 9,00,000 and provision for bad and doubtful debts of ₹ 90,000.
Pass necessary journal entries for treatment of provision for bad and doubtful debts on the date of Rishi’s admission in each of the following cases:
(i) Bad debts amounted to ₹ 60,000.
(ii) Bad debts amounted to ₹ 90,000.
(iii) Bad debts amounted to ₹ 1,00,000.
Apoorv Ltd. acquired building worth ₹ 15,50,000, Machinery worth ₹ 11,40,000 and Furniture worth ₹ 1,10,000 from Dhruv Ltd. and took over its liabilities of ₹ 2,00,000 for a purchase consideration of ₹ 25,00,000. Apoorv Ltd. paid the purchase consideration by issuing 12% debentures of ₹ 100 each at a premium of 25%.
Pass the necessary journal entries in the books of Apoorv Ltd. for the above transactions.
Pulkit and Ravinder were partners in a firm sharing profits and losses in the ratio of 3 : 2. Sikander was admitted as a new partner for \( \frac{1}{5} \) share in the profits of the firm. Pulkit, Ravinder and Sikander decided to share future profits in the ratio of 2 : 2 : 1. Sikander brought ₹ 5,00,000 as his capital and ₹ 10,00,000 as his share of premium for goodwill. The amount of premium for goodwill that will be credited to the old partners’ capital accounts will be:
Offer of securities or invitation to subscribe securities to a select group of persons by a company (other than by way of public offer) is known as:
Ajay Ltd. forfeited 100 shares of ₹ 10 each for non-payment of first call of ₹ 1 per share and second and final call of ₹ 3 per share. The minimum price per share at which these shares can be reissued will be:
Assertion (A): The maximum number of partners in a partnership firm is 50.
Reason (R): By virtue of the Companies Act 2013, the Central Government is empowered to prescribe maximum number of partners in a firm. The Central Government has prescribed the maximum number of partners in a firm to be 50.
Choose the correct option from the following:
Wayne, Shaan and Bryan were partners in a firm. Shaan had advanced a loan of ₹ 1,00,000 to the firm. On 31st March, 2024 the firm was dissolved. After transferring various assets (other than cash & bank) and outside liabilities to Realisation Account, Shaan took over furniture of book value of ₹ 90,000 in part settlement of his loan amount. For the payment of balance amount of Shaan’s loan Bank Account will be credited with:

The following journal entry appears in the books of Latvion Ltd.:

DateParticularsDr. Amount (₹)Cr. Amount (₹)
Bank A/c4,75,000 
 Loss on issue of debentures A/c75,000 
 To 12% Debentures A/c 5,00,000
 To Premium on Redemption of Debentures A/c 50,000

The discount on issue of debentures is:

Suhas and Vilas were partners in a firm with capitals of ₹ 4,00,000 and ₹ 3,00,000 respectively. They admitted Prabhas as a new partner for \( \frac{1}{5} \) share in future profits. Prabhas brought ₹ 2,00,000 as his capital.
Prabhas’ share of goodwill will be:
Radhika, Mehar and Shubha were partners in a firm sharing profits and losses in the ratio of 9 : 8 : 7. If Radhika’s share of profit at the end of the year amounted to ₹ 5,40,000, Shubha’s share of profit will be:
Kajal and Laura were partners in a firm sharing profits and losses in the ratio of 5 : 3. They admitted Maddy for \( \frac{1}{4} \) share in future profits. Maddy brought ₹ 8,00,000 as his capital and ₹ 4,00,000 as his share of premium for goodwill. Kajal, Laura and Maddy decided to share profits in future in the ratio of 2 : 1 : 1. After all adjustments in respect of goodwill, revaluation of assets and liabilities etc. Kajal’s capital was ₹ 15,00,000 and Laura’s capital was ₹ 8,00,000. It was agreed that partners’ capitals should be in proportion to their new profit sharing ratio. The cash brought in to adjust the capital was made by bringing in or withdrawing the necessary cash as the case may be. The cash brought in by Kajal was:
Akhil, Bajrang and Chinmay were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. Dilawar was admitted as a new partner in the firm. Dilawar acquired his \( \frac{1}{10} \) share from Akhil and \( \frac{2}{10} \) from Bajrang.
Dilawar was admitted for which of the following share in the profits of the firm?
Ekta, Faguni and Garima were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 1. Faguni was guaranteed ₹ 25,000 as her share of profit in the firm. Any deficiency arising on that account was to be met by Ekta. The firm earned a profit of ₹ 90,000 for the year ended 31st March, 2024.
The profit credited to Faguni’s capital account was:
The corner points of the feasible region in graphical representation of a L.P.P. are \( (2, 72), (15, 20) \) and \( (40, 15) \). If \( Z = 1x + 9y \) be the objective function, then:
If a line makes angles of \( \frac{3\pi}{4} \) and \( \frac{\pi}{3} \) with the positive directions of \( x \), \( y \), and \( z \)-axes respectively, then \( \theta \) is:
For a reaction X + Y → Z, in which both X and Y follow first order kinetics; if the concentration of X is increased 2 times and concentration of Y is increased 3 times, how does it affect the rate of reaction?
If \( x = e^{\frac{x}{y}} \), then prove that \( \frac{dy}{dx} = \frac{x - y}{x \log x} \).
On 1st April 2023, Veebee Ltd. issued 20,000, 13% debentures of \( ₹ 100 \) each at a discount of 10% redeemable at a premium of 5% after 4 years. Total amount of interest on debentures for the year ending 31st March, 2024 will be :
A man needs to hang two lanterns on a straight wire whose end points have coordinates A (4, 1, -2) and B (6, 2, -3). Find the coordinates of the points where he hangs the lanterns such that these points trisect the wire AB.
Let the volume of a metallic hollow sphere be constant. If the inner radius increases at the rate of 2 cm/s, find the rate of increase of the outer radius when the radii are 2 cm and 4 cm respectively.
Write the reaction of D-Glucose with the following:
(a) HCN (b) Br$_2$ water (c) (CH$_3$CO)$_2$O